Union Neighborhood Assistance Corporation

Analysis

Union Neighborhood Assistance Corporation is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in May 1989, 37 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Union Neighborhood Assistance Corporation reported income of $126k and spending of $5,020, leaving 96% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $41k to $126k (+208%), an average of +32% a year. The sharpest change came in the year to December 2022, when income rose by 412%. Over the whole period it spent 22% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Union Neighborhood Assistance Corporation sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 49th percentile within MA. Charities of a similar size with the same main cause include Green Acres Cooperative Inc ($126k), Journey Home Inc ($126k) and Willows Inc ($126k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% of the total. At year end it held assets of $3.2m against liabilities of $1.4m, net assets of $1.8m.